GEN Restaurant Group, Inc. (NASDAQ:GENK) Short Interest Update

GEN Restaurant Group, Inc. (NASDAQ:GENK) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 132,500 shares, a drop of 5.8% from the October 15th total of 140,600 shares. Based on an average trading volume of 30,400 shares, the short-interest ratio is presently 4.4 days. Currently, 3.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Roth Mkm dropped their target price on GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, August 1st.

Hedge Funds Weigh In On GEN Restaurant Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in GEN Restaurant Group by 487.8% in the first quarter. Vanguard Group Inc. now owns 164,574 shares of the company’s stock valued at $1,922,000 after buying an additional 136,578 shares during the period. Skylands Capital LLC raised its stake in GEN Restaurant Group by 19.6% in the 2nd quarter. Skylands Capital LLC now owns 176,360 shares of the company’s stock valued at $1,598,000 after acquiring an additional 28,960 shares during the period. Renaissance Technologies LLC lifted its holdings in GEN Restaurant Group by 86.2% during the 2nd quarter. Renaissance Technologies LLC now owns 35,199 shares of the company’s stock valued at $319,000 after purchasing an additional 16,299 shares during the last quarter. Connors Investor Services Inc. acquired a new stake in GEN Restaurant Group during the 2nd quarter valued at $124,000. Finally, Resolute Capital Asset Partners LLC boosted its position in GEN Restaurant Group by 645.2% during the second quarter. Resolute Capital Asset Partners LLC now owns 74,520 shares of the company’s stock worth $675,000 after purchasing an additional 64,520 shares during the period. Institutional investors own 10.22% of the company’s stock.

GEN Restaurant Group Price Performance

NASDAQ:GENK opened at $8.29 on Monday. The stock has a market capitalization of $271.49 million, a PE ratio of 48.76 and a beta of 2.12. GEN Restaurant Group has a 1-year low of $5.61 and a 1-year high of $14.46. The firm has a fifty day simple moving average of $8.52 and a 200 day simple moving average of $9.18. The company has a current ratio of 0.91, a quick ratio of 1.04 and a debt-to-equity ratio of 0.12.

GEN Restaurant Group (NASDAQ:GENK) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $49.11 million during the quarter, compared to the consensus estimate of $49.90 million. GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.83%. During the same quarter last year, the firm posted $0.08 EPS. On average, research analysts expect that GEN Restaurant Group will post 0.01 EPS for the current fiscal year.

About GEN Restaurant Group

GEN Restaurant Group, Inc operates restaurants in California, Arizona, Hawaii, Nevada, Texas, New York, and Florida. It offers meats, poultry, and seafood. The company was founded in 2011 and is based in Cerritos, California.